Business
Eskom CEO De Ruyter highlights quality of maintenance work as a problem
Eskom CEO Andre de Ruyter said that it was a balancing act to keep the lights on, with considerable amounts of diesel used for maintenance.
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Toyota keeps top-selling automaker title despite chip crunch
The Japanese auto giant said it sold nearly 10.5 million vehicles in 2021, a jump of about 10% from 2020, including units made by its Daihatsu and Hino subsidiaries.
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Concerns that high inflation forecasts could force Sarb to hike interest rates
Governor Lesetja Kjganyago on Thursday announced a 25 basis points hike in the repo rate to 4%.
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Eskom flags exodus of skilled workers as a major concern
The power utility said that it was losing scores of highly skilled and experienced employees, especially in the generation side of the business.
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Apple hits revenue record despite chip shortage
The tech giant posted a net profit of $34.6 billion in its first quarter, compared with $28.7 billion in the same quarter the prior year, according to the earnings report.
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SABC board sets up special committee to probe allegations against Makhathini
The complaint was lodged by group executive for news and current affairs Phathiswa Magopeni.
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Unions march to Israeli offices in Sandton over Clover's restructuring
They also want the company to be independent of Israel’s central bottling company, which owns Clover through the Milco SA Consortium.
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Increased inflation blamed for repo rate increase
Reserve Bank Governor Lesetja Kganyago announced the MPC's decision on Thursday afternoon.
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Eskom needs R2.5 billion to fix Medupi power plant after explosion
The utility's generating unit suffered severe damage following an explosion last year.
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De Ruyter issues load shedding warning due to ‘unplanned capacity loss’
He said Eskom has had the lowest unplanned capacity loss in a very long time, which is a positive reflection on the performance of the system.
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SA Reserve Bank hikes repo rate to 4%
Reserve Bank Governor Lesetja Kganyago on Thursday announced the MPC's decision in Pretoria.
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Eskom says City of Tshwane owes it R635 million
In a statement sent out on Thursday, the utility said that it met with the city's leadership on Tuesday as part of its efforts to recover the outstanding debts.
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Labour Dept DG Lamati relieved to have UIF's Maruping back from suspension
Director-General Thobile Lamati said that although an acting commissioner was appointed to head the Unemployment Insurance Fund, the conclusion of the matter would bring certainty to the fund and its stakeholders.
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UIF head Maruping to return to work after more than a year on suspension
Teboho Maruping was suspended along with the UIF’s chief financial officer, chief operating officer and head of supply chain management at the onset of the COVID-19 pandemic.
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Cane Growers’ Association prioritises selling locally produced sugar
This follows the launch of its 'home sweet, home' campaign with the aim of educating consumers about the threats the local industry is facing when it comes to the influx of cheap sugar imports.
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Expert: Municipal-owned entities weakened by internal inefficiencies
Organisations such as Johannesburg’s City Power and Rand Water are meant to not only provide services to residents but are also historically cash injectors in municipal coffers.
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SIU to probe corruption, maladministration allegations at Telkom
President Cyril Ramaphosa has signed a proclamation, authorising the probe and recovery of any financial losses from the telecommunications provider.
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SIU: 386 people referred for prosecution for COVID tender fraud
The Presidency announced on Tuesday morning that the green light had been given to release the details of the report.
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Sisulu: Steps being taken to deal with dept's unqualified audit by AG
The department received an unqualified audit but with matters of emphasis for the 2021/2022 financial year, while SA Tourism was given a qualified audit with findings.
